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Russia's Struggle to Innovate Hampered by Economy, Politics

For years, Russian economists have been emphasizing the need to diversify Russia's energy export economy to better absorb shocks such as the current drop in world oil prices and Western sanctions. But the calls for diversification have made little headway. One project aimed at fostering innovation and entrepreneurship in Russia is the Skolkovo Institute of Science and Technology (Skoltech), which partners with the Massachusetts Institute of Technology (MIT). However, the economic...

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